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Restin Co. uses the net method to account for cash discounts. On June 1, 2014, it made sales of $66,800 with terms 3/15, n/45. On

Restin Co. uses the net method to account for cash discounts. On June 1, 2014, it made sales of $66,800 with terms 3/15, n/45. On June 12, 2014, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin Co.

Date	Account Titles and Explanation	Debit	Credit

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